Common use of Requirement to Purchase All Offered Stock Clause in Contracts

Requirement to Purchase All Offered Stock. Notwithstanding the provisions of the Section 2.3(b), the option to purchase shares of Stock described in a Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives and the Purchasers collectively agree to purchase all of the shares of the Offered Stock.

Appears in 4 contracts

Samples: Right of First Refusal Agreement (International Speedway Corp), Right of First Refusal Agreement (Penske Motorsports Inc), Right of First Refusal Agreement (Penske Motorsports Inc)

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Requirement to Purchase All Offered Stock. Notwithstanding the provisions of the Section 2.3(b3.3(b), the option to purchase shares of Stock the Purchased Shares described in a Purchaser Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Purchaser Closing (as hereinafter defined) consummated only if the Shareholders Representatives and Corporation and/or the Purchasers Other Purchaser collectively agree to purchase all of the shares of the Purchaser Offered Stock.

Appears in 4 contracts

Samples: Right of First Refusal Agreement (Penske Motorsports Inc), Right of First Refusal Agreement (International Speedway Corp), Refusal Agreement (Grand Prix Association of Long Beach Inc)

Requirement to Purchase All Offered Stock. Notwithstanding the provisions of the preceding Section 2.3(b)3.03, the option options to purchase shares of Stock described in a the Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives Corporation and the Purchasers Other Shareholders collectively agree to purchase all of the shares of the Offered Stock.

Appears in 2 contracts

Samples: Shareholder Agreement (Allis Chalmers Corp), Shareholder Agreement (Allis Chalmers Corp)

Requirement to Purchase All Offered Stock. Notwithstanding ----------------------------------------- the provisions of the Section 2.3(b4.3(b), the option to purchase shares of Stock described in a the Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives Corporation and the Purchasers one or more Assignees, if applicable, collectively agree to purchase all of the shares of the Offered Stock.

Appears in 2 contracts

Samples: S Agreement (Ryder TRS Inc), Option and Shareholder's Agreement (Ryder TRS Inc)

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Requirement to Purchase All Offered Stock. Notwithstanding the ----------------------------------------- provisions of the Section 2.3(b4.3(b), the option to purchase shares of Stock described in a the Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives Corporation and the Purchasers one or more Assignees, if applicable, collectively agree to purchase all of the shares of the Offered Stock.

Appears in 1 contract

Samples: Option and Shareholder's Agreement (Ryder TRS Inc)

Requirement to Purchase All Offered Stock. Notwithstanding the ----------------------------------------- provisions of the Section 2.3(b)preceding Sections, the option to purchase shares of Shareholder Stock described in a the Notice of Right of First Refusal that describes a proposed non-market transaction may be exercised and the Closing (as hereinafter defined) consummated only if the Shareholders Representatives Corporation, the Telmex Investor and the Purchasers Other Shareholders, if applicable, collectively agree to purchase all of the shares of the Offered Stock.

Appears in 1 contract

Samples: Shareholders' Agreement (Cellstar Corp)

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